FII F&O Analysis for 5 Feb Nifty Future Trading

1. FIIs sold 23754 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 710.33 cores with net Open Interest increasing by 39348 contracts. Are you Trading for a Living?
2. As CNX Nifty Future was down  by 40  points with Open Interest in Index Futures increasing by 39348, FII have created fresh shorts in Nifty and Bank Nifty future.Nifty Future reacted from our Trend Changer levels of 6063  which was today's high fall down sharply and closed at 5996.Hope traders were able to mint profit.

3. NS closed at 5987 after making high of 6039 and low of 5981.As discussed yesterday positive divergence in Hourly charts helped nifty to open gap up aided by global markets, but after opening Higher time..


Continue Reading